Description

About Uncirculated Rainbow $50

Fr. 151 $50 1869 Legal Tender PMG About Uncirculated 55.
Only a grand total of 64 examples of the Rainbow $50 are enumerated
in the Track & Price Census. PMG and PCGS combined statistics
show that they have graded only four pieces higher with none equal
to tonight's offering. Our archives show that we have offered only
a single Fr. 151 third party graded higher and none equal. Our
higher graded piece was a PCGS 58PPQ example and it realized
$176,250 in January 2013. This is the first time that the current
note with serial number Y405621 has been at auction since the
August 1983 ANA. Previous owners of this note before then, were
famed paper money collectors George Blake, William A. Philpott, and
Bob Medlar. This is a beautiful AU and a note certainly worth
stretching for to acquire. Do not wake up the next day, lamenting,
"Why didn't I bid one more increment?"